Back from hiking 110 miles in England. Grand stuff, good
weather for all but two of the days, and fun times in London pre and post hike.
Star is now fully disengaged from Seahorse Beach
Club on the Texas coast. Personally, I’m still on one of the home loans,
but that will take care of itself.
Burnt Mill, Maine, continues to be tough to tie down. The
owners, the L.A. folk, are reexamining all options. On our side, we have put
together options to take them out. We’ll see what happens in the coming days.
One change is that the golf course is being reimagined as a nature park, which
means less money to build and sustain, and easier to fund.
Connor Homes of Middlebury, Vermont, is more than
ever the primary homebuilder—and home designer—that we are placing our bets on
for an upscale project. Founder Mike Connor has been very forthcoming with his
time and talents to assist with the strategy for the resort.
Crystal Resort, in the Florida Keys, also continues as a
moving target. Will it be a full timeshare resort, fee for service, with a
brand, or a PRC or workforce housing? Gosh, a prime parcel with about $8
million equity, no debt, and it seems so hard to get the right investor.
On the horizon:
•Kauai project, single-family homes to be fractioned;
sales on the West Coast, Honolulu and on site. Mitch Imanaka and Steve
Peterson are designing the strategy for sales and registration. First
things first, the developer needs to get the purchase agreement fully signed and
then funded. Bill Ward, of Ward Financial, is very positive on buyer
financing.
•Barbuda Island, Caribbean: Lighthouse Bay Resort,
very, very high-end fractions; selling at over $1 million per 6th. Heavy U.S.,
European and South American sell. This is a fly-to island, private plane, and
the property’s all bought and designed.
Other stuff over the transom, but not worth mentioning.
In other news, Tom Goetschius has a new website designed by Marc Saxe.
Take a look:www.tomgoetschius.com.
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